Crimson Wine Group Ltd (CWGL) Director Joseph S. Steinberg Acquires 5,237 Shares
Crimson Wine Group Ltd (NASDAQ:CWGL) Director Joseph S. Steinberg purchased 5,237 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were purchased at an average cost of $8.62 per share, with a total value of $45,142.94. Following the acquisition, the director now owns 238,929 shares in the company, valued at approximately $2,059,567.98. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Crimson Wine Group Ltd (NASDAQ:CWGL) opened at 8.62 on Friday. Crimson Wine Group Ltd has a 52-week low of $7.58 and a 52-week high of $9.42. The company’s 50-day moving average is $8.53 and its 200-day moving average is $8.47. The firm has a market capitalization of $207.68 million and a PE ratio of 64.33.
About Crimson Wine Group
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Crimson Wine Group, Ltd. (Crimson) is engaged in producing and selling ultra-premium and luxury wines. The Company operates through two segments: Wholesale Sales and Direct to Consumer Sales. The Wholesale Sales segment includes all sales through a third party where prices are given at a wholesale rate whereas Direct to Consumer Sales segment includes retail sales in the tasting room, remote sites and at on-site events, Wine Club sales, and other sales made directly to the consumer without the use of an intermediary.
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